Xinja

WEALTH MANAGEMENT

Broadridge | February 23, 2021

Broadridge Financial Solutions initiates a Wealth Lending Network marketplace. The initiative is all about connecting wealth managers to banks and other financial service institutions. Being a global Fintech leader, Broadridge has created a well-managed marketplace. It will enable all sized wealth managers to offer clients securities-based Lending (SBL) services. It will be using Broadridge's end-to-end SBL technology platform. Bancorp, Inc. is also joining the hands of the marketplace as it...

Facebook, Reliance | April 23, 2020

Facebook (FB.O) is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries’ (RELI.NS) digital arm, as it looks to roll out services for India’s grocers and small businesses by capitalizing on WhatsApp’s extensive reach in the country. The deal announced on Wednesday is Facebook’s biggest since its $22 billion buyout of WhatsApp in 2014 and will give the Menlo Park, California-based firm a stake in Jio Platforms - the digital services entity that house...

Facebook | April 28, 2020

Global payment service provider Checkout.com said on Tuesday it would join Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra. "The Libra project holds the promise of increasing financial inclusion for billions of unbanked people", the company said https://www.checkout.com/blog/post/checkout-com-joins-the-libra-association, adding that it was important to regulate the blockchain space to ensure a secure and stable payments infra...

FINTECH

Aquila | September 12, 2022

Aquila today announced the acquisition of Cibar Inc. (Cibar), best-in-class banking software solution for the international trade finance industry. Founded in 1969 and headquartered in Colorado Springs, USA, Cibar has been a pioneer and specialized provider of trade finance applications with modules extending across Imports/Exports, Standby Letter of Credit, Guarantees, Cash Letters, Wire Transfers and more. Through its marquee products “GTSnet” trade finance system, &...